VOLT - Volt Information Sc... Stock Analysis | Stock Taper
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Volt Information Sciences, Inc.

VOLT

Volt Information Sciences, Inc. NASDAQ
$35.71 -0.28% (-0.10)

Market Cap $785.62 M
52w High $36.35
52w Low $19.00
Dividend Yield 0.45%
Frequency Irregular
P/E 30.41
Volume 139.95K
Outstanding Shares 22.00M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q1-2022 $226.93M $34.98M $-1.22M -0.54% $-0.06 $-1.07M
Q4-2021 $227.81M $34.69M $1.33M 0.58% $0.06 $3.72M
Q2-2021 $222.09M $32.95M $1.88M 0.85% $0.09 $4.12M
Q1-2021 $217.96M $33.75M $-2.45M -1.12% $-0.11 $-414K
Q3-2020 $185.94M $31.25M $-4.84M -2.6% $-0.22 $-416K

What's going well?

Revenue is steady, showing the company can maintain its sales base. No unusual charges or accounting tricks distorted the results.

What's concerning?

Profitability fell sharply, with the company moving from profit to loss. Margins are under pressure, and costs are rising faster than sales.

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q1-2022 $54.86M $247.06M $217.28M $29.78M
Q4-2021 $74.87M $260.1M $229.01M $31.09M
Q2-2021 $47.23M $245.35M $216.2M $29.15M
Q1-2021 $40.06M $240.86M $214.28M $26.58M
Q3-2020 $30.93M $241.33M $201.07M $40.26M

What's financially strong about this company?

Most assets are cash or receivables, so the company is not reliant on hard-to-sell assets. There is no goodwill or intangible risk, and property investment increased.

What are the financial risks or weaknesses?

Cash is falling quickly, and debt is high compared to equity. The company has not been profitable over time, and working capital is under pressure.

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q1-2022 $-1.22M $-11.92M $-641K $-16K $-13.17M $-12.71M
Q4-2021 $1.33M $18.99M $-445K $14K $18.54M $18.53M
Q2-2021 $1.88M $8.31M $-832K $23K $7.8M $7.51M
Q1-2021 $-2.45M $-6.5M $-963K $-166K $-7.64M $-7.46M
Q3-2020 $-4.84M $10.17M $-859K $-156K $9.21M $9.34M

What's strong about this company's cash flow?

The company still has $63.4 million in cash, giving it some breathing room. No new debt or dilution means the balance sheet is clean for now.

What are the cash flow concerns?

Cash burn is high and accelerating, with operating cash flow and free cash flow both turning sharply negative. If this continues, the company will need to raise money or cut spending soon.

Revenue by Products

Product Q1-2021Q2-2021Q3-2021Q1-2022
Direct Placement Services
Direct Placement Services
$0 $0 $0 $0
Managed Service Program
Managed Service Program
$10.00M $10.00M $10.00M $10.00M
Staffing Services
Staffing Services
$0 $0 $0 $220.00M

Revenue by Geography

Region Q4-2020Q2-2021Q3-2021Q1-2022
NonUS
NonUS
$20.00M $30.00M $30.00M $30.00M
UNITED STATES
UNITED STATES
$0 $0 $0 $200.00M

Q4 2021 Earnings Call Summary

Read Call Summary

5-Year Trend Analysis

A comprehensive look at Volt Information Sciences, Inc.'s financial evolution and strategic trajectory over the past five years.

+ Strengths

Volt has recently restored profitability and, more importantly, turned itself into a consistent generator of operating and free cash flow. Gross margins have held steady despite revenue decline, and overhead has been cut meaningfully, showing management’s ability to adjust the cost base. Liquidity has improved, with a larger cash buffer, and the company benefits from a long track record, established client relationships, and specialized expertise in certain staffing niches. Being part of a larger technology‑centric parent also offers access to broader capabilities, capital, and innovation that were not available as a standalone company.

! Risks

The company is operating on a smaller revenue base than in the past, with thin and historically volatile margins, which raises the risk that even modest headwinds could push it back into losses. Years of weak profitability have eroded equity, leaving a more leveraged capital structure and less room for error. The staffing industry itself remains cyclical, highly competitive, and exposed to pricing pressure and digital disruption. Reduced capital investment could signal under‑investment in systems and platforms at a time when technology is becoming a key differentiator. Finally, as a now‑private subsidiary, visibility into strategy and performance is lower, and outcomes depend heavily on the parent’s integration and capital allocation choices.

Outlook

Volt appears to be in a transition phase: financially healthier from a cash‑flow standpoint but carrying the scars of prior losses and revenue contraction. Near‑term prospects hinge on maintaining recent operational discipline and cash generation while gradually repairing the balance sheet. Longer term, the company’s trajectory will largely be shaped by how successfully it leverages its parent’s technology and global platform to move up the value chain in talent solutions. The path is balanced between opportunity—through enhanced capabilities and cross‑selling—and uncertainty, given industry headwinds and limited external visibility into post‑acquisition execution.